Global Light Rail Market to grow at a CAGR of 4.76% during the period 2016 - 2020; Finds New Report

Report forecast the global light rail market to grow at a CAGR of 4.76% during the period 2016-2020.

A light rail transit (LRT) is a medium capacity mode of mass rapid transport that uses equipment and infrastructure, which is less massive than the heavy rail modes such as commuter and metro rail systems or subways. These systems can be integrated into any city due to their operating flexibility, which has been driving the market growth.

The report covers the present scenario and the growth prospects of the global light rail market for the period 2016-2020. To calculate the market size, this report covers revenue generated by the vendors in the market.

The market is divided into the following segments based on geography:

• Americas
• APAC
• Europe
• MEA

According to the report, the growing urbanization and increased mobility have surged the demand for light rail vehicles (LRVs) and passenger coaches in the urban rail transit market. Urban rail transit comprises various types of light and high rail systems, which provide passengers services within or around urban areas. With the growing population moving toward the urban areas, the demand for an increase in transportation services has increased. This increase in demand will be fulfilled by an increase in production of rail supply components, thus enhancing the growth of the market.

Further, the report states that high initial investment to start up the manufacturing process or to initiate a project act as a major hindrance to the growth of the market.

Global Light Rail Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Global Light Rail Market: Alstom, Bombardier, Construcciones Y Auxiliar De Ferrocarriles SA (CAF), CRRC Corporation, Mitsubishi Electric, and Siemens.

Other Prominent Vendors in the market are: AmstedMaxion, Astra Rail, Azovobshemash, Bradken, Cyient, DCD Rail, Downer Rail, éolane, FreightCar America, Hitachi Rail Europe, Japan Transport Engineering Company, JSC Dneprovagonmash, JSC Kryukovsky Railway Car Building Works, JSC Zavod Metallokonstruktsy, Kinki Sharyo, National Steel Car, Newag, Nippon Sharyo, OJSC Altaivagon, PESA Bydgoszcz SA, PKC Group, Progress Rail Services, Promtractor-Vagon CJSC, SCG Solutions, Sinara Transport Machines, Skoda Transportation, Stadler Rail Group, Talgo, Tatravagonka Poprad, The Greenbrier Companies, Trinity Industries, Vossloh Group, and Wabtec Corporation.

Market driver

• Urbanization and increased mobility
• For a full, detailed list, view our report

Market challenge

• High initial investment
• For a full, detailed list, view our report

Market trend

• Emergence of PPP model in developing countries
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 63 pages and 33 Exhibit “Global Light Rail Market 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

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